The NSE Nifty too witnessed similar movement, and was trading 8.30 points, or 0.08 per cent, lower at 10,846.85.

Analysts expect market to continue to remain volatile in the coming months in the wake of upcoming general elections.

Q3FY19 results will closely be watched by market participants, said Hemang Jani, head – advisory, Sharekhan by BNP Paribas.

TCS is scheduled to announce its quarterly results later in the day.

“On the micro front slowdown auto and commodities stocks, liquidity crunch in the NBFC space, increase in farm loan waivers continue to remain a cause of concern. Global markets too continue to be volatile on the back of US-China trade tariffs and the ongoing government shutdown in the US,” Jani added.